Tata Motors, India’s leading vehicle manufacturer, announced today that it will take a price increase of up to 3% across its passenger vehicle portfolio, including EVs. Effective January 2025, the price increase will vary depending on model and variant and is being taken to partially offset the rise in input costs and inflation.
The price hikes come as Indian automakers face slowing demand following years of growth, prompting higher discounts and moderated dealer sales.
Earlier, Maruti Suzuki, Mahindra, and Kia have also announced a price increase on all their models for the next year. The reason cited for the price adjustment by all OEMs is more or less the same.
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